Top 5 Electric 3 Wheeler Companies In February 2022: YC Electric Takes Top Spot

Recently, electric versions of three-wheelers have gained good traction in the market and some cities already have a high demand for electric three-wheelers. In addition to this, e-commerce platforms have also identified electric three-wheelers as a very economical and convenient mode of transport.

Speaking about February 2022 sales of Three Wheelers in India, for most manufacturers February 2022 has been mostly positive with decent YoY and MoM sales growth.

YC Electric Vehicle (1,836 units)

YC Electric Vehicle took the top spot by selling 1,836 units in February 2022 and the company showed 9.5 per cent MoM growth and a massive 59.9 per cent YoY growth.

Saera Electric Auto (891 units)

Standing at a distant third is the Saera Electric Auto. The company sold 891 units of electric three-wheelers in India, which is 113.2 per cent more than what it achieved last year during the same time period (February 2021). However, MoM sales have taken a 1.8 per cent hit as the company sold 907 units in January 2022.

Mahindra Reva Electric (772 units)

Mahindra Reva Electric has secured the third spot this month by selling 772 units of its electric three-wheelers. Though YoY sales have improved by 67 per cent, MoMsales are down by more than 14 per cent as the company managed to sell 901 units in January 2022.

Champion Poly Plast (729 units)

Champion Poly Plast also held onto their fourth spot from January 2022 as the company managed to sell 729 units in February 2022. While Champion Poly Plast showed more than 74 per cent YoY sales growth, the MoM sales are down by 2.4 per cent as the company sold 747 units in January 2022.

Best Way Agencies (724 units)

Best Way Agencies were only a few units away from snatching the fourth spot from Champion Poly Plast by selling 724 units as opposed to 729 units by Champion Poly Plast. The company also recorded a massive 162 per cent YoY sales growth and 9.2 per cent MoM sales growth. This start difference in YoY sales growth not only shows the growth of the company but the electric three-wheeler segment.

Thoughts About Top 5 Electric Three-Wheeler Companies In February 2022

Analyzing the top 5 electric three-wheeler companies in India, it is clear that the electric three-wheeler market has gained tremendous traction this year as most companies have recorded phenomenal YoY sales growth.

In addition to this, several e-commerce giants have also started utilising electric three-wheelers for transportation purposes, and this has further boosted the demand for electric three-wheelers and has positively impacted general public opinion regarding electric three-wheelers.

Overall, we expect the electric three-wheeler segment to grow exponentially in the coming years to fulfil the short-distance transportation needs.

Source: Rushlane